# PPP loan: ARCHEIN AEROSPACE, LLC
> **$217K** approved 04/11/2020 · Charged Off · Loan `3603277106`
## Borrower
- **Name:** ARCHEIN AEROSPACE, LLC
- **Address:** 2501 N WAVERLY ST, PONCA CITY, OK, 74601-1122
- **NAICS:** 541330
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $217K
- **Initial approval:** $217K
- **Forgiven:** $207K (95%)
- **Forgiveness date:** 02/12/2021
- **Status:** Charged Off
- **Term:** — months
## Use of funds
- **Payroll:** $174K
- **Rent:** $31K
- **Utilities:** $12K
- **Jobs reported:** 15
## Lender
- **Originating:** Lincoln Savings Bank
- **Servicing:** Lincoln Savings Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*